The Canadian Press

2015-07-22 | PBO Fiscal Update Mulcair

Preview Clip

The Bank of Canada's latest economic forecast puts the federal government on track to run a one-billion-dollar deficit in 2015-16. That's according to a new analysis by the Parliamentary Budget Office. NDP leader Tom Mulcair says it casts doubt on the Harper Conservatives' promise to balance the books. (The new calculations are based on the downgraded projection released last week by the central bank. The PBC also trims the government's expected surpluses over the next two years.)

Date: 2015-07-22
Placeline: BRUNNER, Ontario.
Source: The Canadian Press
Length: 20 seconds

Transcript Prediction: << That was supposed to be the conservatives the Hallmark branding wasn't it balanced budget and we now know that that's not going to be the case but it's it's easy to understand the conservatives put all of our economic eggs in the resource extraction basket and now that that sector is having considerable difficulty it's it's affecting everything else in the Canadian economy >>